RBI monetary policy to assist govt measures: Subbarao

Updated: October 30, 2012 20:10 IST

Giving reasons on keeping interest rates unchanged, the Reserve bank of India Governor D Subbarao said its monetary policy would positively impact all the measures being undertaken by the government. He said the statement made by the finance minister yesterday on fiscal consolidation would help restrain inflation and support growth. Subbarao’s statements seem to have not placated the finance ministry as there are reports that P Chidambaram is unhappy about interest rates not having been lowered to stimulate growth.

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